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WORLD NEWS

Peab To Build New Swimming Pool Facility On Sweden’s Baltic Coast Nordic Community Builder Peab has signed a contract with property company Kunskapsporten to build a new swimming pool and fitness centre in Snurrom in Kalmar, located in south eastern Sweden. The contract is worth SEK 500 million (approximately £42m). The new centre will include a swimming pool, two training pools, a rehab pool, a family pool, gym, spa and restaurant. All in all it will total a gross area of 15,000 m2. “I’m very pleased that Peab together with Kunskapsporten can contribute to developing Kalmar through a new swimming pool and fitness centre that will offer a

lot of opportunities for Kalmar residents. This is a positive community development that we are happily part of,” said Anders Bergeling, Region Manager at Peab. “We’ve developed a fantastic swimming pool facility for Kalmar and the entire Kalmar region. It will be a beautiful and sustainable building with a lot of activities for Kalmar residents as well as a big magnet for tourists,” added Joakim Ollén, CEO of Kunskapsporten AB. The project is a turnkey contract. Construction will start at the end of 2021 and the facility is expected to be completed in the summer of 2025.

Fluidra Further Accelerates Growth With Acquisition Of S.R. Smith Fluidra S.A. recently announced it has acquired S.R. Smith, the US-based manufacturer of pool equipment, from Champlain Capital, a private equity fund based in San Francisco and Boston. Founded in 1932, S.R. Smith is a leading global manufacturer specialising in commercial and residential pool deck equipment and accessories. Their product portfolio, which is complementary to Fluidra’s offering, is extensive and includes starting blocks, rails, ladders, slides, diving boards, ADA-compliant lifts, swimwall systems, thermal cover systems and in-pool furniture. Headquartered in Canby, Oregon, S.R. Smith operates manufacturing facilities from multiple locations in the United States and Australia. Their products are supported by distributors around the world, with a focus in the US, Australia, Canada and Europe. With the addition of S.R. Smith, Fluidra will further expand its existing operational network, increasing the company’s overall product delivery capability. “In the past year, we’ve doubled down on our commitment to grow in different market segments and product categories and have

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made strategic acquisitions in North America of Built Right Pool Heaters LLC’s business and Custom Molded Products LLC to bring us closer to that goal,” said Bruce Brooks, Chief Executive Officer of Fluidra. “This latest acquisition of S.R. Smith doesn’t just move us one step closer, it propels us. S.R. Smith is an exceptional company with a talented team and stellar reputation.” “We are excited to join the Fluidra family,” said Rich Laitta, Chief Executive Officer of S.R. Smith. “With their strong dedication to meeting customer needs, focus on innovative solutions and services, and global market expertise, we believe this move will facilitate the next evolution of growth for S.R. Smith.” Following the acquisition, S.R. Smith will continue to operate independently from its Oregon headquarters.

ACP Announces Sale of Pleatco Filtration To Pentair Plc Pleatco Filtration, a portfolio company of Align Capital Partners (ACP), announced in September that it has entered into a definitive agreement to be acquired by Pentair Plc. This transaction marks an exciting new milestone in the history of Pleatco who have earned the reputation as a leader and innovator in the pool and spa industry and have successfully forged into the industrial air filtration arena in recent years too. Headquartered in Louisville, Kentucky, Pleatco is a leading aftermarket-focused manufacturer of highly engineered clean air and pool and spa water filtration technologies that helps protect people, processes and the environment. ACP acquired Pleatco in June 2017 and has spent the last four years professionalising and growing the business through several key initiatives. “Pleatco has been truly transformed through an aggressive series of investments in people, systems, facilities and products,” said ACP Managing Partner Rob Langley. “Additionally, the key tenets of the business that attracted us to the investment years ago are still driving the company forward today. Pleatco benefits from the recurring nature of its highly engineered, consumable products that are focused on serving pool, spa and industrial air customers’ aftermarket needs.” “With the planned acquisition of Pleatco, we are excited about the opportunity to offer additional options to pool, spa and industrial air customers and we are looking forward to welcoming the Pleatco employees to our Pentair team,” said John Stauch, Pentair President and CEO.

www.swimmingpoolnews.co.uk 19/10/2021 23:39